Multiple Choice
Which of the following statements reflects a situation in which there are external benefits?
A) John paints his house and cleans his paintbrushes in the stream.
B) John pays 5 percent of his income as taxes.
C) John's decision to get vaccinated for smallpox reduces the chances that his neighbor Pete will get smallpox.
D) John sells his car to his neighbor Pete at half the first-hand price.
Correct Answer:
Verified
Correct Answer:
Verified
Q37: Suppose the government of a small country
Q38: Import tariffs are efficient second-best policy solutions
Q39: The figure given below shows the national
Q40: In second-best world, private actions will lead
Q41: The tax-or-subsidy approach for solving externality problems
Q43: The figure given below shows the marginal
Q44: Suppose that the domestic production of computer
Q45: The French highly value domestic production of
Q46: Which of the following statements is true?<br>A)If
Q47: If it is desirable to enhance the